1801 Lavaca ST # 10D, Austin TX 78701

The estimated value of this property is $391,572, based on 6 comparable sales in the surrounding area. In today's market, I'd bring this home to market somewhere between $541,000 and $550,000. Against 7 similar active listings in 78701, this price point lands at the 2nd least expensive of 7 comparable homes on the market. Built in 1964, this home is 11 years older than the average comp, which is reflected in the adjustments. The 0.01 acre lot (smaller than the 0.07 acre average) is reflected in the estimate. The active market in 78701 includes 7 comparable homes priced from $374,000 to $975,000. Recent trends in 78701 show home values have fallen 24.1% since 6 months ago. The most comparable recent sale is 910 Duncan LN # 28, Austin TX 78705, with an adjusted value of $231,219; with a smaller floor plan. With 6 solid comps to draw from, the data tells a consistent story. Of course, without seeing the property in person, this is a data based estimate only. Ed Neuhaus, Neuhaus Realty Group